IEA: Iran's oil exports fall in September, may slip further

By REUTERS

October 12, 2012 19:41

LONDON - Iran is struggling to arrest a decline in its oil exports and they could fall to new lows in the coming months due to Western sanctions, putting further strain on the country's financial resources.

The drop in Iranian supply is supporting oil prices and hurting Tehran's revenues, deepening hardship for a population deprived of basic imports and adding to pressure on the government over its nuclear program.

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